Master plan for state support |


With support measures likely to exceed € 15 billion this year, the finance ministry is drawing up a plan to help the market through the next 18 months. The plan is broken down into three stages: the short-term stage, which covers the next few weeks until mid-May, the medium-term stage from May to the end of the year, and the long-term stage, which concerns 2022.

The primary objective is to revive hundreds of thousands of businesses, since they have been practically on life support for over a year. To achieve this and avoid closures and layoffs, state aid will be extended even after pandemic restrictions are lifted and businesses resume normal operations.

This week, the government will provide details of the fixed-spending subsidy for businesses, scheduled for next month. An eighth phase of the cheap state loan program (known as the ‘deposit to be returned’) could be proposed, also given the Prime Minister’s statement on Friday on resuming restoration after Greek Easter (2 May of this year).

Options on unpaid checks are also assessed. Their cumulative value now exceeds one billion euros. After a forced extension, the government may grant an additional grace period after the market reopens. There may be some such support to other sectors, such as working capital provided to catering businesses, starting with tourism.

Over the next few days, details of the income tax reporting method will be announced, so taxpayers can avoid any unpleasant surprises with additional fines and taxes, as well as more time to report. fulfill this year’s obligations.

In June, the government will decide whether corporate tax filing will be reduced again, while long-term measures will include freezing the solidarity levy for 2022 as well, and further reducing social security contributions for employers and employees, provided there is the fiscal wiggle room needed for next year’s budget.

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